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Cyprus signs Double Tax Agreement with San Marino

Last week in Nicosia, Cyprus signed a double taxation treaty (DTT) regarding income taxes with San Marino, the finance ministry reported. The agreement was signed by the Cyprus Minister of Foreign Affairs together with a Sammarinese Official, and is hoped will further bilateral relations developing trade, strengthen economic ties and establish a sound legal structure for furthering ties with other countries. DTTs often increase trade and travel between the relevant jurisdictions so this is good news for both countries.